Sensex, Nifty Consolidate Ahead Of SBI Q3 Nos; BoB Rises Over 2%

Bank of Baroda is likely turn profitable in Q3, with net income at Rs 620 crore against loss of Rs 3,342 crore in year-ago quarter. The stock rallied nearly 3 percent.

The 30-share BSE Sensex was up 27.75 points at 28357.45 and the 50-share NSE Nifty gained 16.75 points at 8795.15. About 1344 shares advanced against 1012 declining shares on the BSE. 

Krishna Kumar Karwa of Emkay Global Financial Services says the results season has been good so far, and the markets were currently taking a breather. 

He feels it appeared that the worst effects of last November's note ban were over and there was trend of savings being converted into financial savings.

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